Additionally, the 36-month beta value for NTNX is 1.16. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The public float for NTNX is 245.64M and currently, short sellers hold a 1.95% ratio of that float. The average trading volume of NTNX on July 23, 2024 was 2.82M shares.
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NTNX) stock’s latest price update
The stock of Nutanix Inc (NASDAQ: NTNX) has increased by 2.17 when compared to last closing price of 48.30.Despite this, the company has seen a loss of -4.62% in its stock price over the last five trading days. benzinga.com reported 2024-07-22 that The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. `
NTNX’s Market Performance
Nutanix Inc (NTNX) has experienced a -4.62% fall in stock performance for the past week, with a -5.82% drop in the past month, and a -16.00% drop in the past quarter. The volatility ratio for the week is 3.76%, and the volatility levels for the past 30 days are at 3.55% for NTNX. The simple moving average for the past 20 days is -10.40% for NTNX’s stock, with a -7.52% simple moving average for the past 200 days.
Analysts’ Opinion of NTNX
Many brokerage firms have already submitted their reports for NTNX stocks, with Northland Capital repeating the rating for NTNX by listing it as a “Market Perform.” The predicted price for NTNX in the upcoming period, according to Northland Capital is $71 based on the research report published on May 30, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see NTNX reach a price target of $72. The rating they have provided for NTNX stocks is “Outperform” according to the report published on May 08th, 2024.
NTNX Trading at -16.53% from the 50-Day Moving Average
After a stumble in the market that brought NTNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.03% of loss for the given period.
Volatility was left at 3.55%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares sank -7.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.46% lower at present.
During the last 5 trading sessions, NTNX fell by -4.62%, which changed the moving average for the period of 200-days by +43.84% in comparison to the 20-day moving average, which settled at $54.88. In addition, Nutanix Inc saw 3.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NTNX starting from RAMASWAMI RAJIV, who sale 23,986 shares at the price of $54.19 back on Jun 18 ’24. After this action, RAMASWAMI RAJIV now owns 407,045 shares of Nutanix Inc, valued at $1,299,738 using the latest closing price.
Sivaraman Rukmini, the Chief Financial Officer of Nutanix Inc, sale 12,566 shares at $53.22 during a trade that took place back on Jun 18 ’24, which means that Sivaraman Rukmini is holding 144,902 shares at $668,788 based on the most recent closing price.
Stock Fundamentals for NTNX
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.85 for the gross margin
The net margin for Nutanix Inc stands at -0.01. The total capital return value is set at 0.01.
Based on Nutanix Inc (NTNX), the company’s capital structure generated 1.91 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at -2.1. The interest coverage ratio of the stock is 0.13.
Currently, EBITDA for the company is -130.76 million with net debt to EBITDA at 9.77. When we switch over and look at the enterprise to sales, we see a ratio of 6.19. The receivables turnover for the company is 9.01for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
Conclusion
In conclusion, Nutanix Inc (NTNX) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
